1st Source
SRCE
94 hedge funds and large institutions have $492M invested in 1st Source in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
18% more capital invested
Capital invested by funds: $417M → $492M (+$75.4M)
9% more funds holding
Funds holding: 86 → 94 (+8)
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$4.99M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.46M |
| 3 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$2.34M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.67M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.28M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$4.85M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.14M |
| 4 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$1.86M |
| 5 |
Goldman Sachs
New York
|
-$1.37M |
SRCE Hedge Fund Activity: Q4 2013 in Review
94 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2013, worth a combined $492M — up 18% from $417M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SRCE positions and 6 closed out — a net gain of 8 holders — while 35 added to existing stakes and 32 trimmed.
The largest buyer was River Road Asset Management, opening a new position worth an estimated $4.99M. The largest seller was Wellington Management Group, cutting an estimated $7.28M.
- 94 institutional investors held 1st Source (SRCE) as of Q4 2013, up from 86 in Q3 2013.
- Funds reported $492M of 1st Source stock for Q4 2013, up 18% quarter-over-quarter.
- 14 funds opened new 1st Source positions in Q4 2013 and 6 closed out, a net change of +8 holders.
- The largest 1st Source buyer in Q4 2013 was River Road Asset Management, an estimated $4.99M added.
- The largest 1st Source seller in Q4 2013 was Wellington Management Group, an estimated $7.28M sold.
Based on aggregated 13F filings for Q4 2013.